A policy statement by Lebanon's new government calls for interest rate cuts and bank recapitalisation in a rescue plan that includes "painful steps" to address a financial crisis, according to a draft seen by Reuters on Sunday.

Lebanon spells out 'painful steps' required in financial rescue plan

The finance ministry Wednesday announced to pump in Rs 48,239 crore in 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and finance growth plans.

Government announces Rs 48,239 cr recapitalisation plan for 12 public sector banks 

recapitalisation-plan

Recapitalisation Plan, News on Recapitalisation Plan, stories on Recapitalisation Plan, articles on Recapitalisation Plan, Recapitalisation Plan stories at Wion, Recapitalisation Plan news, Recapitalisation Plan latest news